New stamp price hike takes effect

canada post

Today, Canada Post announced an increase to the cost of sending a letter in the country. Stamps purchased in booklet, coil, or pane will now cost 99 cents, which is a seven cent increase. A single domestic stamp will now cost 1.15 cents, up from 1.07 cents previously.

The announcement comes after Canada Post announced a loss of $748 million in 2023, compared to a loss of $549 million in 2022, and warned that, without changes, it expects larger, unsustainable losses in the coming years.

In a statement, Canada Post said that the losses were caused by a “surge in competition in parcel delivery, the continued decline of transaction mail, and a continued increase in address and delivery costs.”


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